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The IRS last week addressed the federal income tax treatment of amounts paid for the purchase of energy-efficient property and improvements. Taxpayers who receive “rebates”—described in...
By Nellie Akalp. As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. Understanding the details of payroll taxes...
By Oren Koren Tax season is underway, which means cyber criminals are hard at work. With the plethora of highly sensitive personal and financial data being...
By Leada Gore, al.com (TNS) Bogus claims on social media are nothing new. But when it comes to taxes, misleading information on social media can lead...
In an email to tax professionals on April 5, the IRS said it’s making changes that will impact how practitioners obtain a client’s tax transcripts, as...
By Gopal Ratnam, CQ-Roll Call (TNS) The National Telecommunications and Information Administration on Wednesday issued a report calling for establishing a system of audits for artificial...
The next chair of the Center for Audit Quality (CAQ) Governing Board is Paul Knopp, U.S. CEO of Big Four firm KPMG, who was elected to...
The Public Company Accounting Oversight Board (PCAOB) nailed Big Four firm PwC US with a $2.75 million fine on March 28 for quality-control violations related to...
The Financial Accounting Standards Board (FASB) on April 3 named 11 members to its newly reconstituted Emerging Issues Task Force (EITF). The task force, formed in...
In a recent letter to the Department of the Treasury and the Financial Crimes Enforcement Network (FinCEN), the American Institute of CPAs (AICPA), together with 54...
